Ingress Industrial (Thailand) PCL (BKK:INGRS) Inventory Turnover : 4.20 (As of Jan. 2024)

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What is Ingress Industrial (Thailand) PCL Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ingress Industrial (Thailand) PCL's Cost of Goods Sold for the three months ended in Jan. 2024 was ฿1,668 Mil. Ingress Industrial (Thailand) PCL's Average Total Inventories for the quarter that ended in Jan. 2024 was ฿397 Mil. Ingress Industrial (Thailand) PCL's Inventory Turnover for the quarter that ended in Jan. 2024 was 4.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ingress Industrial (Thailand) PCL's Days Inventory for the three months ended in Jan. 2024 was 21.74.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Ingress Industrial (Thailand) PCL's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.22.

Ingress Industrial (Thailand) PCL Inventory Turnover Historical Data

The historical data trend for Ingress Industrial (Thailand) PCL's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ingress Industrial (Thailand) PCL Inventory Turnover Chart

Ingress Industrial (Thailand) PCL Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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8.38

7.41

8.25

12.07

14.21

Ingress Industrial (Thailand) PCL Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															2.90	2.73	3.30	3.85	4.20

Ingress Industrial (Thailand) PCL Inventory Turnover Calculation

Ingress Industrial (Thailand) PCL's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	5966.918	/ (	(452.902	+	387.072)	/	2 )
=	5966.918	/	419.987
=	14.21

Ingress Industrial (Thailand) PCL's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	1667.893	/ (	(407.707	+	387.072)	/	2 )
=	1667.893	/	397.3895
=	4.20

Ingress Industrial (Thailand) PCL (BKK:INGRS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ingress Industrial (Thailand) PCL's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	397.3895	/	1667.893	*	365 / 4
	=	21.74

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Ingress Industrial (Thailand) PCL's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	397.3895	/	1818.867
	=	0.22

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ingress Industrial (Thailand) PCL Inventory Turnover Related Terms

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Ingress Industrial (Thailand) PCL (BKK:INGRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ingress Industrial (Thailand) PCL (BKK:INGRS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Ramkhamhaeng Road, 9/141, 14th Floor, Unit A, UM Tower Building, Suanluang, Bangkok, THA, 10250

Website

https://www.ingress.co.th

Ingress Industrial (Thailand) PCL is engaged in investment holdings. It manufactures and distributes automotive components. The company derives most of its revenues from Malaysia. Its products include Roll forming products; Stamping Products; and Tool making and automation solutions. Its operations are carried on in Thailand, Malaysia, Indonesia and India.

Ingress Industrial (Thailand) PCL (BKK:INGRS) Headlines

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